German Consumer Confidence Expected to Decline in September

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

By Todd Buell FRANKFURT--German consumer confidence is expected to decline in September as international upheaval weighs on sentiment, a survey showed Wednesday, casting doubt on hopes that domestic consumption will offset export weakness in Europe's largest economy. The monthly GfK ...

Seadrill Sees Challenging Rig Market Through 2015

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

By Kjetil Malkenes Hovland Seadrill Ltd. (SDRL) expects the oil-rig market to remain challenging through 2015, but it sees big potential in Russia, the Oslo-listed oil services company said Wednesday, as it reported a fall in second-quarter net profit. "2014 ...

U.S. Treasurys Get Lift from Euro-Zone Bond Rally

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

By Cynthia Lin U.S. Treasurys shadowed euro-zone government bonds higher Wednesday as global investors anticipate more easing measures from the European Central Bank. In early New York trading, benchmark U.S. 10-year notes gained 8/32 in price to yield 2.364%, according ...

New Zealand's July Food Price Index Falls as Meat Prices Drop

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

By Lucy Craymer WELLINGTON, New Zealand--New Zealand's food price index fell 0.7% on the month in July and was 0.1% lower on the year, Statistics New Zealand said Wednesday. "There were lower prices for meat in July as well as ...

U.S. Mortgage Application Volume Up

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

The average number of mortgage applications for the week ended Friday rose 2.8% from the week earlier, according to the Mortgage Bankers Association weekly survey. The purchase index rose 1% unadjusted from the previous week and was 11% lower than ...

French PM Pressures ECB to go Further and Faster

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

By William Horobin PARIS--French Prime Minister Manuel Valls Wednesday kept up the pressure on the European Central Bank to do more to fight low inflation and bring down the value of the euro. In a speech to French business leaders, ...

Ukraine's Hryvnia Continues Free Fall

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

Ukraine's troubled hryvnia continued its free fall Wednesday, ignoring the prime minister's call for swift measures to stabilize the national currency. The hryvnia lost 1.7% Wednesday, trading at the weakest level ever of just below 14 against the U.S. dollar ...

Oil Futures Rangebound Ahead U.S. Stocks Data

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

By Eric Yep Crude-oil futures traded in a narrow price range in Asian trade Wednesday, with the U.S. benchmark largely unchanged while Brent crude recouped overnight losses. On the New York Mercantile Exchange, light, sweet crude futures for delivery in ...

Italy's Consumer Confidence Drops for Third Month in August

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

By Liam Moloney ROME--Italian consumer confidence dropped in August for the third month in a row, reaching its lowest level since April, the statistics institute said Wednesday, as the country slipped into its third recession since 2008. Italy's consumer confidence ...

European Stocks Pause on Weak Economic Data and ECB Stimulus Hint

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

By Tommy Stubbington European stocks paused from a two-day rally Wednesday, while euro-zone bonds continued to climb, as investors continued to weigh weak economic data against hopes the European Central Bank will introduce new stimulus measures. The Stoxx Europe 600 ...

Oil Prices Gain Ahead of Storage Report

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

By Nicole Friedman NEW YORK--Oil futures edged higher Wednesday ahead of weekly U.S. storage information, which is expected to show that supplies of crude oil and petroleum products fell last week. Light, sweet oil for October delivery rose 14 cents, ...

U.S. Crude Oil Supplies Fall More Than Expected

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

NEW YORK--U.S. crude stockpiles fell more than expected in the week ended Aug. 22, according to data released Wednesday by the U.S. Energy Information Administration. Crude-oil stockpiles fell by 2.1 million barrels to 360.5 million barrels, compared with an average ...

U.S. Treasurys Rally on ECB Hopes

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

By Cynthia Lin U.S. Treasurys shadowed euro-zone government bonds higher Wednesday as global investors anticipate more easing measures from the European Central Bank. In late afternoon trading, benchmark U.S. 10-year notes gained 9/32 in price to yield 2.361%. The 30-year ...

Rally in European Stocks Halts

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

By Tommy Stubbington European stocks paused from a two-day rally Wednesday, as investors continued to weigh weak economic data against hopes the European Central Bank will introduce new stimulus measures. The Stoxx Europe 600 index closed the session 0.1% higher ...

Euro Lower Against Rivals on Hopes for ECB Action

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

By Hiroyuki Kachi The euro is lower against major currencies in Asia trade Wednesday, hitting another fresh low against the dollar in nearly a year, amid expectations for quantitative easing and other steps by the European Central Bank. As of ...

India's GDP Growth Likely Reached Over 2-Year High Of 5.5%

TODAY: Aug. 27, 2014 PUB DATE: Aug. 27, 2014

By Anant Vijay Kala NEW DELHI--India's economy may have expanded at its fastest pace in more than two years last quarter, helped by rising industrial production and growing consumer optimism. Gross domestic product in the three months ended June 30 ...